* Retail/leisure investment
* Rental income: £86, 500
* Prominent town centre location
* 8. 2% net return with excellent tenant profiles *
The property is a substantial mid terraced building arranged over
predominantly two floors with a front three storey section. The front section
is of solid brick construction with a pitched element, whilst the balance of
the property is of relatively modern cavity brick construction under a flat
roof system. The property is currently used for retail purposes at ground
floor level with a self contained first floor nightclub.
There is a conventional retail façade at ground floor level with access to the
shop, which is occupied by British Heart Foundation. There is a substantial
retail area with rear stores and loading doors, with a secure rear service
yard area.
There is a separate access to the nightclub on the left hand side of the
property. The nightclub is occupied by Stonegate Pub Company Limited. There
are two principle trading areas with ancillary accommodation including a one
bedroom manager's flat (with separate rear access).